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Heartland Cannabis Business Update – November 16, 2019

Erika Gee
Erika Gee

Partner

Little Rock

Hemp in Arkansas: Grow Your Know 3-6 p.m., January 23
Wright Lindsey Jennings, Little Rock

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This week was full of urgent health-related news, so we're going to switch things up and move them to the lead off spot for this cannabis business update. As your medical marijuana and hemp lawyers for the Heartland, we've read all of the week's news for Missouri, Arkansas and Oklahoma & selected the stories worth your time.

Missouri Medical Marijuana and Recreational Cannabis Business Roundup

Health News

How Cannabis Saved This Military Veteran's Life - Civilized

From battle scars to anxiety, and other traumas, cannabis is a versatile medicine that is known to be a life saver specifically for veterans — many of whom suffer from PTSD, the symptoms of which (like nightmares and insomnia) can be treated with cannabis.

Study: The Number of People Who Abuse Weed is Decreasing. Legalization May Be Responsible. - Weedmaps

The study's authors used data from the National Surveys on Drug Use and Health for the years 2002-2016. The final sample, totaling 22,651 people, included participants who were 12 and older and reported using marijuana at least 300 days in the past year.

Cannabis-Based Medicines Approved for Use in England and Wales - The New York Times

The change comes after two highly publicized cases in which young epileptic patients depended on the treatments.

Hemp-Derived CBD Helps Chronic Pain Patients Reduce Opioid Use, Study Finds - Marijuana Moment

"CBD could significantly reduce opioid use and improve chronic pain and sleep quality among patients who are currently using opioids for pain management."

Apple to remove vaping apps from store - Axios

Amid growing health concerns over e-cigarettes, Apple will remove all 181 vaping-related apps from its mobile App Store this morning, Axios has learned.

Heavy Marijuana Use Could Double Stroke Risk For Young People - The Fresh Toast

"Young cannabis users, especially those who use tobacco and have other risk factors for strokes, such as high blood pressure, should understand that they may be raising their risk of having a stroke at a young age," lead study author Tarang Parekh said in a statement. "Physicians should ask patients if they use cannabis and counsel them about its potential stroke risk as part of regular doctor visits."

Business News

The cannabis industry is set to employ 400,000 people in the US by 2021 — here's how much key jobs in the industry pay, from budtender to cultivation director - Business Insider

Wall Street analysts say cannabis could become an $85 billion industry by 2030, and most Democratic candidates for US president have advocated for full-scale legalization.

Two-thirds of Americans support marijuana legalization - Pew Research Center Fact Tank

Only about one-in-ten Americans oppose marijuana legalization for medical or recreational uses.

The Race To Create Faster-Acting Edibles - Green Entrepreneur

The biggest problem for the edibles industry is how to make their products kick in faster. The race is on.

National News

'They just suffocated the farmers': Proposed THC testing for hemp sparks industry backlash - Hemp Industry Daily

"We're in the infancy of this industry, and so much more research needs to be done … to understand what stresses the plant and what makes the THC level go up. We need to continue to breed plants that stay below that limit, which is going to take time."

Cross-pollination could cost marijuana farmers several thousand dollars as hemp production expands nationwide - Marijuana Business Daily

Outdoor marijuana growers are reporting an increase in cross-pollination from hemp farms, a development that could mean MJ cultivators might lose upwards of tens of thousands of dollars if their plants become unmarketable as flower products.

'The tribe has taken over': the Native Americans running Las Vegas' only cannabis lounge - The Guardian

Nevada law restricts marijuana consumption to private residences until 2021, but sovereignty exempts the Las Vegas Paiute.

Missouri Cannabis Business

Chart: Missouri's medical marijuana market draws thousands of applications - Marijuana Business Daily

Missouri closed the application window at the end of August, and regulators are required to approve or deny an application within 150 days of the submission date. That means by mid-January 2020 all license winners likely will be announced.

FBI asking about Missouri medical marijuana while regulations are pricing out many businesses - Fox 2

Fox 2 has learned FBI agents have visited at least two Missouri offices to get answers about the state's new marijuana program. That seems unusual because we could find no other state reporting similar FBI contact. Even officials in Illinois, where they're starting a recreational use program, they report no contact from federal agents.

Police Chief Fagan clarifies how Rolla police will enforce state law for medical marijuana - The Rolla Daily News

"You can use it in your house. You can use it at your friend's house, if your friend is allowing you to use it," Fagan said. "You can't use it in public. You can't use it outside of your property. You can't use it in your car."

Not your average job fair: Hopeful medical marijuana licensees seek prospective employees - KSHB

Between 3,500 and 4,000 jobs are coming to Missouri, ranging from working retail in a dispensary, to horticulturalists in cultivation facilities.

Arkansas Cannabis Business

Medical marijuana shops that haven't opened face potential violations - KATV

The Natural State's medical marijuana business is generating millions of dollars, although there are 22 licensed dispensaries that have yet to open.

Herbology Opening on Hold; Bold Duo Buys Sears Dispensaries - Arkansas Business

Herbology, the first Little Rock medical marijuana dispensary to seek state inspection, didn't make its Nov. 7 goal for opening, disappointing local patients still waiting to inhale.

Hemp, pot so alike they stump police, lead to busts - Northwest Arkansas Democrat Gazette

The extract that's been showing up in everything from candy to coffee is legally derived from hemp plants, which look and smell similar to marijuana. They're so similar, that police officers and the field tests they use on suspected drugs sometimes can't tell the difference.

Fayetteville Medical Marijuana Dispensary Gets Inspected, Approval Expected Next Week - 5News

When Purspirit Cannabis gets its stamp of approval, Northwest Arkansas will become the first region in the state to have all four dispensaries in operation.

Oklahoma Cannabis Business

Cannabis stirring pot in local real estate markets, expert says - Tulsa World

"Tulsa, as a whole, is not a ultra-dynamic, multifamily market, but we are, like the rest of the nation, experiencing growth," he [Dave Looney of Legacy Commercial Property Advisors] said.

Edmond cannabis testing lab finding innovative way to combat vaping-related illnesses - KFOR

On Wednesday, Q-Cann submitted a patent for what they believe to be the first-of-its-kind method to remove the vitamin E acetate. "Without harming any of your components like the terpenes or your cannabinoids, to keeping those safe as possible," Webb [Q-Cann Owner William Webb] said.

Virtual visits growing for new medical marijuana patients - The Ada News

Oklahoma providers say that they're seeing a large number of patients from more rural areas that would otherwise have to drive an hour or two to see the closest doctor who specializes in medical cannabis. Many patients also have mobility or medical issues that make travel difficult.

Bonus Section

How Much Does Cannabis Oil Cost? - Cannabis Training University

Despite the high markup for cannabis oil, many consumers regularly use this delivery method to reap all of the mental and physical benefits of two major cannabinoids: cannabidiol (CBD) and delta-9-tetrahydrocannabinol (THC).

These Are The Best-Selling Pot Brands In The Country - Green Entrepreneur

Did you know that among cannabis consumers in Alaska, concentrates are the fastest-growing category, but in California, they can't get enough of cartridges? Or that in Colorado, they're making cannabis caramel corn, while in Washington, they're uncorking cannabis "champagne"?

What Is Loud Weed? A Guide Through Marijuana Classification, from Reggie to High Potency Weed - Greencamp

All of the intricacies of the growing, harvesting and storing of marijuana affect the final product in a similar way that different grape varieties are handled to produce wine.

Jamaica plans cannabis regulations overhaul, blueprint for industry support - Marijuana Business Daily

In addition to drawing tourists with destinations such as Montego Bay, Jamaica allows travelers to purchase medical marijuana if certain conditions are met.

Thanks for reading the Heartland Cannabis Business Update. See you next week!

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